The old “location, location, location” phrase might seem clichéd but it holds true as much today as it did when it was first coined. The right community can enhance future resale value while a not so desirable one can lead to rates plummeting in no time at all.
When choosing a community, it is always advisable to choose a city that has a stable, thriving economy. Take the time to check out the state of the local community. Are the roads and pedestrian ways well maintained? Are the stores and retail centers full of shoppers? Is there evidence of community pride exhibited in the locals?
Find out if the local fire services and police personnel are efficient and closely situated. Above average crime rates will lead to a fall in appreciation. Check to see if the city has adequate youth sports facilities and parks. Community events such as those for children and teenagers will have a bearing on the overall appeal of the house.
Even if you do not have kids nor plan to have any, it is imperative that you check the local school system. This is because your potential buyers in the future might have children of school going age and the lack of good schools nearby might put a damper on your sale. Find out if there are enough schools for the local population. Also, check to see how well these schools fare on standardized tests. You can get this information online.
Find out the rate of property taxes. If they seem higher, you can be reasonably sure of a higher level of maintenance.
About the writer: Nigel Kerry is an American free lance writer born in Los Angeles, California. Kerry writes about Apply Credit Online and Online Credit Card Applications, as well as refinance mortgage loan.
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